The deal is designed to accelerate Kraken’s multi-asset-class ambitions — including plans for equities trading and payments.
The deal could be a way for the crypto exchange to move into another asset class and increase its users.
The deal could be a way for the crypto exchange to move into another asset class and increase its users.
Traders based in London can expect under a millisecond latency, the crypto exchange said.
Exchange cites a more friendly regulatory environment under the Trump administration as a reason for the move toward a public listing
Kraken joins Gemini, eToro and other crypto firms considering an IPO under a crypto-friendly Securities and Exchange Commission.
Kraken reportedly confirmed that the second phase of FTX creditor repayments will start on May 30. On March 6, FTX creditors’ representative Sunil Kavuri shared a screenshot of an email allegedly from Kraken. The email indicated that the exchange would initiate another round of repayments in May for customers affected by FTX’s 2022 collapse. According […]
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The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Kraken called the SEC’s decision to drop the case a “turning point for the future of crypto in the U.S.” in a Monday blog post
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Kraken's dismissed lawsuit came without admission of wrongdoing, penalties paid or alterations to Kraken's business model.
Traders are buying the dip, lifting the perpetual futures long-short ratio, Kraken's Alexia Theodorou told CoinDesk.
Sunil Kavuri, a representative of the FTX Creditors’ group, revealed that the bankrupt crypto exchange is exploring ways to compensate creditors in multiple countries, including Russia, China, Egypt, Nigeria, and Ukraine. According to Kavuri, creditors from these regions are currently excluded from ongoing distributions despite making up a significant portion of FTX’s user base. For […]
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Kraken has disclosed a significant increase in data requests from law enforcement and regulatory agencies in 2024. According to its latest transparency report, the exchange received 6,826 requests, reflecting a 38.6% rise from the previous year. US lead requests Authorities in the United States submitted the largest share, 1,951 requests, representing 28.6% of the total. […]
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A second source said U.S.-listed exchange Coinbase has also been kicking the tires of Deribit.
A survey by the crypto exchange showed that 85% of digital asset holders in the U.S. invested in memecoins.
The Blockchain Association is calling on Congressional leadership to vote for a legislative measure to overturn a controversial tax rule.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Grogan also suggested Satoshi Nakamoto may have used the Canadian crypto exchange Cavirtex, which was acquired by Kraken in 2016.
The license was obtained through the acquisition of a Cypriot firm.
Lido (LDO), a decentralized autonomous organization (DAO) that provides liquid staking solutions for Ethereum (ETH) and other proof-of-stake (PoS) blockchains, saw its token surge 20% in the past 24 hours. The token’s price jumped from $1.98 on January 30 to $2.37 at the time of writing. Kraken Reintroduces Staking Services In Select States On January 30, cryptocurrency exchange Kraken announced the relaunch of its staking services for US clients in 37 states and two territories. The exchange also noted plans to expand these services to additional states as regulatory conditions allow. Related Reading: Lido Finance Cements DeFi Lead, Expands To Optimism: Is LDO Undervalued? For the uninitiated, Kraken facilitates staking by delegating users’ staked tokens to network validators, who are responsible for transaction validation and block production. These validators then return rewards – minus fees – to clients who have staked their tokens with them. Commenting, Mark Greenberg, Global Head of Consumer at Kraken said the launch of this staking product in the US is a positive development for the entire US crypto industry. Greenberg added: Kraken serves as a bridge so people can access the crypto space and participate in an increasingly broad range of related activities from an interface and platform that they’re familiar with. Onchain staking is a key component of how we fulfill this role and we believe the resumption of staking in the US today will play a significant role in the development and mass adoption of crypto. Following the announcement, LDO experienced a sharp spike in buying activity, propelling its price above the psychologically significant $2 level. At the time of writing, LDO boasts a total market cap of $2.1 billion, making it the 63rd largest cryptocurrency by market capitalization. Lido Soars 20%, What Do The Analysts Say? LDO’s surge has caught the attention of crypto analysts, many of whom see further upside potential. Crypto analyst World of Crypto noted that LDO is breaking out of both a bullish pennant and a descending broadening wedge. A successful breakout could send the token to the $7–$8 range within a few weeks. Related Reading: Lido Finance (LDO) Is Down 18% In 7 Days, Time To Buy The Dip? Similarly, crypto analyst Daan Crypto pointed to $3 as a crucial resistance level for LDO to break. He attributed the token’s outperformance to investors positioning themselves ahead of the Ethereum staking narrative. They added: It’s just a matter of time before we’ll see the first ETH Spot ETF filing with staking included. That should kick off the ETH & staking narrative and should help boost the performance on these Liquid Staking Derivatives coins. As a token closely tied to Ethereum staking, LDO’s price trajectory remains heavily influenced by ETH’s performance. Fortunately for LDO holders, analysts remain optimistic about an upcoming Ethereum rally. Earlier this month, crypto analyst Mister Crypto remarked that ETH looks ‘bottomed out’, potentially getting ready for a strong rebound. At press time, LDO trades at $2.37, up 19.1% in the past 24 hours. Featured image from Unsplash, Charts from X and TradingView.com
Also in 2024, Kraken's platform grew to hold $42.8 billion in assets, amassed 2.5 million funded accounts and hit $665 billion in total trade volume.
Jesse Powell, co-founder of Kraken exchange, has publicly supported Bitcoin Cash advocate Roger Ver, who is currently battling tax-related charges from the US Department of Justice (DOJ). In a Jan. 27 post on X, Powell questioned the integrity of the evidence presented by the Internal Revenue Service (IRS) and highlighted potential flaws in the case. […]
The post Kraken co-founder Jesse Powell calls for Donald Trump intervention in BCH advocate Roger Ver’s case appeared first on CryptoSlate.
Several investor groups are trying to ramp up their crypto activity amid the political shift under President Trump, according to Bernstein.
A U.S. House committee says it is investigating alleged debanking in the crypto industry, according to a recently published letter.
Gelato and Kraken will run challengers, making Ink the first Superchain network to feature multiple challengers at launch.
The crypto industry is generally optimistic for growth under the new administration, though some regulatory concerns remain.
Kraken, founded in 2014, has doubled down on growth and “embraced startup mode," Ink creator Andrew Koller told The Block.
The company intends to use the new financing to develop its onchain UX platform via its software development kits.
Over the weekend, several crypto influencers—including popular AI-driven crypto influencer AIXBT—erroneously stated that bankrupt FTX distributions would commence in January. These claims fueled excitement about a possible market surge 2025, driven by the rumored $16 billion disbursement. However, the actual timeline for these payments tells a different story. FTX’s official statements say no payouts will […]
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